FY20161 Oct 2015 – 30 Sep 2016
SBA loans in Vermont, FY2016
That fiscal year's approvals by lender and by county.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
In FY2016 (1 October 2015 to 30 September 2016) SBA approved 291 loans in Vermont: 269 under 7(a) and 22 under 504, worth $55.8M.
That is about level with FY2015, when there were 291 approvals worth $52.9M.
Vermont accounted for 0.4% of the 70,012 approvals nationwide that year. 36 lenders had at least one approval in the state; Beacon Bank and Trust had the most, 50.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Approvals by lender
The 36 lenders with the most approvals to Vermont businesses in FY2016, of 36 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Beacon Bank and Trust | 7(a) | 50 | $3.7M | 17.2% | 68 | -18 |
| 2 | Community National Bank | 7(a) | 35 | $6.6M | 12.0% | 19 | +16 |
| 3 | Union Bank | 7(a) | 20 | $1.7M | 6.9% | 1 | +19 |
| 4 | Granite State Economic Development Corporation | 504 | 19 | $11.7M | 6.5% | 11 | +8 |
| 5 | Manufacturers and Traders Trust Company | 7(a) | 19 | $4.8M | 6.5% | 22 | -3 |
| 6 | North Country Federal Credit Union | 7(a) | 18 | $753K | 6.2% | 14 | +4 |
| 7 | Green Mountain CU | 7(a) | 16 | $1.1M | 5.5% | 25 | -9 |
| 8 | KeyBank National Association | 7(a) | 12 | $4.8M | 4.1% | 7 | +5 |
| 9 | Peoples Trust Company of St. Albans | 7(a) | 12 | $2.5M | 4.1% | 23 | -11 |
| 10 | Bar Harbor Bank & Trust | 7(a) | 11 | $684K | 3.8% | 11 | 0 |
| 11 | Citizens Bank, National Association | 7(a) | 10 | $655K | 3.4% | 10 | 0 |
| 12 | National Bank of Middlebury | 7(a) | 9 | $825K | 3.1% | 7 | +2 |
| 13 | TD Bank, National Association | 7(a) | 9 | $790K | 3.1% | 13 | -4 |
| 14 | Vermont 504 Corporation | 7(a) | 8 | $1.2M | 2.7% | 0 | new |
| 15 | Vermont FCU | 7(a) | 6 | $274K | 2.1% | 6 | 0 |
| 16 | EastRise Federal Credit Union | 7(a) | 5 | $273K | 1.7% | 11 | -6 |
| 17 | The Bank of Bennington | 7(a) | 4 | $508K | 1.4% | 2 | +2 |
| 18 | Heritage Family FCU | 7(a) | 3 | $121K | 1.0% | 0 | new |
| 19 | Vermont Community Loan Fund, Inc. | 7(a) | 3 | $108K | 1.0% | 3 | 0 |
| 20 | Live Oak Banking Company | 7(a) | 2 | — | 0.7% | 1 | +1 |
| 21 | Associated Bank National Association | 7(a) | 2 | — | 0.7% | 0 | new |
| 22 | Needham Bank | 7(a) | 2 | — | 0.7% | 0 | new |
| 23 | Mascoma Bank | 7(a) | 2 | — | 0.7% | 4 | -2 |
| 24 | Passumpsic Savings Bank | 7(a) | 2 | — | 0.7% | 6 | -4 |
| 25 | Banc of California | 7(a) | 1 | — | 0.3% | 0 | new |
| 26 | BankUnited, National Association | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 27 | Bay Colony Development Corporation | 504 | 1 | — | 0.3% | 2 | -1 |
| 28 | Vermont 504 Corporation | 504 | 1 | — | 0.3% | 4 | -3 |
| 29 | Citizens Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 30 | SouthState Bank, National Association | 7(a) | 1 | — | 0.3% | 0 | new |
| 31 | Community Bank, National Association | 7(a) | 1 | — | 0.3% | 2 | -1 |
| 32 | Newtek Small Business Finance, Inc. | 7(a) | 1 | — | 0.3% | 0 | new |
| 33 | Independence Bank | 7(a) | 1 | — | 0.3% | 0 | new |
| 34 | New England Certified Development Corporation | 504 | 1 | — | 0.3% | 0 | new |
| 35 | Simmons Bank | 7(a) | 1 | — | 0.3% | 1 | 0 |
| 36 | Ledyard National Bank | 7(a) | 1 | — | 0.3% | 0 | new |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2015 | Change |
|---|---|---|---|---|---|---|
| 1 | Chittenden County | 87 | $22.5M | 29.9% | 78 | +9 |
| 2 | Bennington County | 33 | $4.2M | 11.3% | 38 | -5 |
| 3 | Washington County | 27 | $3.6M | 9.3% | 19 | +8 |
| 4 | Rutland County | 27 | $2.0M | 9.3% | 35 | -8 |
| 5 | Franklin County | 25 | $3.1M | 8.6% | 13 | +12 |
| 6 | Windsor County | 20 | $9.1M | 6.9% | 22 | -2 |
| 7 | Caledonia County | 18 | $3.9M | 6.2% | 17 | +1 |
| 8 | Orleans County | 16 | $2.1M | 5.5% | 12 | +4 |
| 9 | Addison County | 12 | $2.2M | 4.1% | 18 | -6 |
| 10 | Windham County | 9 | $1.6M | 3.1% | 19 | -10 |
| 11 | Lamoille County | 9 | $907K | 3.1% | 10 | -1 |
| 12 | Orange County | 6 | $471K | 2.1% | 7 | -1 |
| 13 | Grand Isle County | 1 | — | 0.3% | 3 | -2 |
| 14 | Essex County | 1 | — | 0.3% | 0 | new |
FY2016 against FY2015
| Vermont | FY2016 | FY2015 |
|---|---|---|
| 7(a) approvals | 269 | 274 |
| 7(a) dollars | $41.4M | $42.8M |
| Median 7(a) approval | $75K | $75K |
| 504 approvals | 22 | 17 |
| 504 dollars | $14.3M | $10.0M |
| Jobs supported, as reported | 2,319 | 2,494 |
Questions and answers
Which lenders made the most SBA loans in Vermont in FY2016?
Beacon Bank and Trust (50), Community National Bank (35), Union Bank (20), Granite State Economic Development Corporation (19), Manufacturers and Traders Trust Company (19). 36 lenders had at least one approval.
How many SBA loans were approved in Vermont in FY2016?
291: 269 under 7(a) worth $41.4M and 22 under 504 worth $14.3M.
Which Vermont counties had the most SBA approvals in FY2016?
Chittenden County (87), Bennington County (33), Washington County (27), Rutland County (27), Franklin County (25).
When does FY2016 start and end?
The federal fiscal year 2016 runs from 1 October 2015 to 30 September 2016.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error